Wipro has dipped 2% to Rs 408 after reporting a 2.9% quarter-on-quarter drop in consolidated net profit to Rs 1,335 crore for the first quarter ended June 2011, against Rs 1,375 crore in the previous quarter.
The consolidated revenues went up over 3% to Rs 8,564 crore from Rs 8,302 crore quarter-on-quarter, India's third largest software services provider said in a filing to the stock exchanges.
The company expects revenues for the second quarter FY12 at $1,436-1,464 million, a growth of 2-4% over the first quarter.
A combined 350,000 shares have changed hands on the counter in opening deals.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app